Aigen Investment Management LP Acquires 62,741 Shares of Halliburton (NYSE:HAL)

Aigen Investment Management LP grew its holdings in shares of Halliburton (NYSE:HAL) by 862.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,012 shares of the oilfield services company’s stock after buying an additional 62,741 shares during the quarter. Aigen Investment Management LP’s holdings in Halliburton were worth $2,034,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Halliburton by 46.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 61,090,055 shares of the oilfield services company’s stock worth $2,408,171,000 after purchasing an additional 19,237,784 shares during the period. Pacer Advisors Inc. grew its holdings in Halliburton by 17,317.6% during the 2nd quarter. Pacer Advisors Inc. now owns 13,631,188 shares of the oilfield services company’s stock valued at $460,462,000 after purchasing an additional 13,552,927 shares during the last quarter. LSV Asset Management raised its position in Halliburton by 24,954.1% in the 2nd quarter. LSV Asset Management now owns 2,730,900 shares of the oilfield services company’s stock worth $92,250,000 after purchasing an additional 2,720,000 shares during the period. Vanguard Group Inc. lifted its stake in Halliburton by 2.7% in the first quarter. Vanguard Group Inc. now owns 100,274,105 shares of the oilfield services company’s stock worth $3,952,805,000 after purchasing an additional 2,618,740 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Halliburton by 20.0% during the second quarter. Dimensional Fund Advisors LP now owns 10,087,115 shares of the oilfield services company’s stock valued at $340,752,000 after buying an additional 1,681,620 shares during the period. Institutional investors own 85.23% of the company’s stock.

Halliburton Stock Up 1.5 %

Shares of Halliburton stock traded up $0.45 on Tuesday, reaching $30.58. The stock had a trading volume of 893,514 shares, compared to its average volume of 8,022,782. Halliburton has a 1 year low of $27.26 and a 1 year high of $41.56. The company has a 50 day moving average price of $29.08 and a 200 day moving average price of $32.39. The company has a quick ratio of 1.54, a current ratio of 2.21 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $27.00 billion, a P/E ratio of 10.51, a P/E/G ratio of 1.93 and a beta of 1.89.

Halliburton (NYSE:HAL) last posted its quarterly earnings results on Thursday, November 7th. The oilfield services company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). The business had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.83 billion. Halliburton had a return on equity of 28.33% and a net margin of 11.04%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.79 earnings per share. As a group, equities research analysts forecast that Halliburton will post 3.09 EPS for the current year.

Halliburton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, September 4th. This represents a $0.68 annualized dividend and a dividend yield of 2.22%. Halliburton’s dividend payout ratio (DPR) is presently 23.69%.

Analysts Set New Price Targets

HAL has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price objective on Halliburton from $45.00 to $42.00 and set a “buy” rating for the company in a report on Friday, October 11th. TD Cowen lowered their target price on shares of Halliburton from $47.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, July 22nd. Jefferies Financial Group reduced their price target on shares of Halliburton from $47.00 to $46.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Piper Sandler lowered their price objective on shares of Halliburton from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Halliburton from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.79.

About Halliburton

Halliburton Company provides products and services to the energy industry worldwide. It operates through two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems.